EIA STEO (August): US 2022 crude output seen rising 610k BPD to 11.86mln BPD (prev. +720k BPD forecast in July); US 2023 crude output seen rising 840k BPD to 12.7mln BPD (prev. +860k BPD)
- Estimate 98.8mln BPD of world oil consumption in July 2022, an increase of 0.9mln BPD from July 2021.
- Forecast world oil demand to rise 2.08mln BPD to 99.43mln BPD for 2022 (prev. rise of 2.23mln BPD).
- Forecast world oil demand to rise 2.06mln BPD to 101.49mln BPD in 2023 (prev. rise of 2mln BPD).
- US total petroleum consumption to rise 560k BPD to 20.34mln BPD in 2022 (prev. rise of 700k BPD).
- US petroleum demand to rise 410k BPD to 20.75mln BPD in 2023 (prev. rise of 320k BPD)
- Forecast Brent price will average USD 105/bbl in 2022 and USD 95/bbl in 2023.
- Sees 2022 US natgas consumption at 85.16 BCFD (prev. 85.85 BCFD in July).
- Sees 2023 US natgas consumption at 83.84 BCFD (prev. 85.38 BCFD in July).
09 Aug 2022 - 17:05- EnergyImportant- Source: Newswires
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